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SOURCE Open Text Corporation
German central bank deploys comprehensive, secure digital knowledge database for streamlined electronic document flow and increased efficiency
WATERLOO, ON, Feb. 21, 2013 /PRNewswire/ - OpenText™ (NASDAQ: OTEX, TSX: OTC), a global market leader in Enterprise Information Management (EIM), today announced that Deutsche Bundesbank, the central bank of the Federal Republic of Germany, has selected OpenText to establish a digital environment that will safely house business critical assets and encourage increased productivity and collaboration. Deutsche Bundesbank is leveraging a number of integrated solutions from the OpenText Enterprise Content Management (ECM) suite, one of five foundational pillars of OpenText EIM, which enables organizations to manage information throughout its lifecycle, improve business productivity, and control the costs and risk associated with the growing volume and velocity of content being produced and published in the enterprise.
The implementation of OpenText's leading ECM solutions is underway and over 600 pilot users already have access to a system that seamlessly manages over one million documents. Upon completion of the deployment, 6,000 users are expected to have access to the system, allowing for 10 times more data to be processed per month. With its content management system fully operational, Deutsche Bundesbank is increasing the efficiency and performance of its document management.
"OpenText's advanced content management solutions are eliminating time-consuming paper-based processes and helping us to meet our vision for a secure, unified and state-of-the-art electronic document processing system," said Alexander Degitz, project manager at Deutsche Bundesbank. "This digital overhaul is enabling our bank to maximize workflow and raise information to the level of department spanning knowledge. The transfer of physical floating files to their electronic counterparts effectively reduces paperwork, improves speed of document based processes and makes information broadly available through search."
Deutsche Bundesbank is leveraging the OpenText Enterprise Content Management (ECM) suite to input, manage, process, track, store, and protect data. By deploying solutions specifically designed to improve functionality and information governance, OpenText users are able to take advantage of increased levels of productivity and lowered administrative costs.
OpenText ECM, a key pillar of OpenText EIM, is designed to aid businesses in maximizing value and minimizing cost through an innovative approach to records management, information governance, and collaboration. With OpenText ECM, customers can closely monitor data from inception to retention, as well as retrieve important archived documents for case management or auditing purposes. Template Workspaces further enhance the way in which Deutsche Bundesbank operates, allowing each division within the bank to maintain and oversee its own processes and workflow. Information can be stored or relocated in a cost effective manner and project details can be easily reassigned or shared.
"We are proud to be able to provide our market leading EIM solutions to Deutsche Bundesbank", said OpenText CEO Mark J. Barrenechea. "Through the use of OpenText EIM, a growing number of global organizations are able to better manage and exploit their enterprise information to drive innovation, create competitive advantage and make better decisions about their business while ensuring information governance and security."
To learn more about OpenText EIM:
About OpenText
OpenText provides Enterprise Information Management software that enables companies of all sizes and industries to manage, secure and leverage their unstructured business information, either in their data center or in the cloud. Over 50,000 companies already use OpenText solutions to unleash the power of their information. To learn more about OpenText (NASDAQ: OTEX; TSX: OTC), please visit: www.opentext.com.
Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText's assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC and other securities regulators. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Copyright ©2013 Open Text Corporation. OpenText is a trademark or registered trademark of Open Text SA and/or Open Text ULC. The list of trademarks is not exhaustive of other trademarks, registered trademarks, product names, company names, brands and service names mentioned herein are property of Open Text SA or other respective owners. All rights reserved. For more information, visit: http://www.opentext.com/2/global/site-copyright.html_SKU.
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